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Procurement Supply Chain

Optimising Your Project Lifeline

In the real estate sector, effective Procurement & Supply Chain Management is a strategic imperative. It’s not just about buying materials; it’s about controlling costs, ensuring quality, minimizing project delays, and building strong supplier relationships. Without robust processes, you risk rogue spending, material shortages, and inefficient operations. Our Procurement & Supply Chain module provides comprehensive control, automation, and real-time visibility across your entire purchasing lifecycle, from requisition to payment, optimizing every step and ensuring a resilient supply chain for your projects.

Key Features

Procurement dashboard in real estate ERP system showing vendor performance, spend analysis, and procurement insights for strategic decision-making.
Key Features

360-Degree View (Procurement Dashboard)

Command a comprehensive overview of all procurement activities. A centralised, intuitive Procurement Dashboard provides real-time insights into spending, vendor performance, and process bottlenecks, empowering faster, data-driven decisions.
Real estate ERP vendor onboarding screen with compliance checks and guided steps to quickly register new suppliers
Key Features

Streamlined Vendor Onboarding

Quickly bring new suppliers into your system with an efficient, guided onboarding process. This ensures all compliance checks and necessary documentation are in place, readying vendors for collaboration with minimal delay.
Key Features

Collaborative Vendor Portal

Foster stronger relationships and improve efficiency with a dedicated Vendor Portal. Empower your suppliers to submit invoices, update information, and track payment statuses themselves, significantly reducing administrative queries and accelerating processes.
Dashboard tracking vendor performance metrics such as delivery time, quality, and cost in a procurement ERP system for real estate businesses.
Key Features

Intelligent Vendor Performance Tracking

Gain deep insights into your supplier network. Go beyond basic tracking to monitor and evaluate vendor performance based on key metrics like delivery timelines, quality, cost adherence, and compliance, enabling better supplier selection and risk mitigation.
Automated approval workflow interface in a procurement system to streamline purchase requisition and order processing.
Key Features

Automate Approval Routing

Accelerate your purchasing cycle with automated approval workflows. This ensures faster processing of requisitions and purchase orders, enforcing your internal policies and minimizing manual bottlenecks.
Key Features

Enforce Active Purchase Agreements

Guarantee compliance and maximise savings by automatically enforcing active purchase agreements throughout the procurement lifecycle. Prevent off-contract spending and ensure all purchases align with pre-negotiated terms.
Procurement system enforcing active purchase agreements to ensure contract compliance and cost control in real estate operations.
Integrated procurement, finance, inventory, and project management processes in a real estate ERP platform for seamless operations.
Key Features

Integrate Native Transaction Flows

Achieve true end-to-end efficiency. Our module seamlessly integrates procurement activities with your inventory, finance, and project management processes, ensuring smooth data flow and and eliminating manual errors across your operations.
Key Features

Vendor Payments (Three-way match)

Ensure absolute accuracy and prevent fraudulent payments. Our robust Three-way Matching process automatically reconciles purchase orders, goods receipts, and invoices before payment, guaranteeing that you pay only for what was ordered and received.
Three-way matching screen comparing purchase orders, goods receipts, and invoices to ensure

Frequently Asked Questions (FAQs)

Yes, it provides end-to-end management. Our module covers the complete procurement lifecycle, from initial requisition and automated purchase order generation to goods receipt and streamlined invoice processing, specifically tailored for construction materials and services within the Indian real estate context.

Yes, comprehensive vendor management is a core capability. The module facilitates seamless vendor registration and qualification processes, robust performance tracking based on key metrics, and precise management of all payment terms, fostering strong and reliable supplier relationships.
Yes, it helps optimize your supply chain. The module enables detailed tracking of material movements from supplier dispatch to site delivery, providing critical visibility that aids in optimizing logistics, reducing delays, and ensuring timely material availability for your projects.

While this module is not a full-fledged tendering platform, it provides robust tools for effective quote management. You can capture, analyze, and compare multiple vendor quotes directly within the system to aid in decision-making and ensure you consistently get competitive value for your purchases.

Yes, seamless integration is a key advantage. The Procurement & Supply Chain module is fully integrated with your BOQ (Bill of Quantities) and Inventory Management modules. This ensures accurate material procurement based on precise project needs and optimizes stock levels to prevent shortages or overstocking.
Yes, robust reporting and analytics are built-in. The module generates comprehensive reports on all aspects of procurement, including detailed cost analysis, insightful supplier performance metrics, and real-time purchase order statuses, empowering data-driven decisions and continuous improvement.
Yes, it ensures full compliance. The module supports adherence to GST and other relevant Indian taxation norms for procurement, including the meticulous management of item-wise HSN codes, to ensure accurate tax calculations, reporting, and statutory compliance.
Yes, it efficiently manages returns and rejections. The system allows for clear tracking and processing of material returns or rejections, automatically reflecting their impact on your inventory levels and accurately adjusting associated vendor payments to maintain financial integrity.

Explore Other RealtyOne© Modules

What are the benefits of using procurement software in real estate?

Using real estate procurement software like RealtyOne© offers numerous benefits. It drives significant cost savings by automating tasks, streamlining vendor negotiations, and preventing maverick spend. It enhances supply chain visibility real estate, improves supplier relationship management, and ensures procurement compliance. Ultimately, it boosts operational efficiency and supports strategic procurement decisions for optimal resource acquisition in construction and property management.

How does procurement software contribute to better decision-making in real estate?

Procurement software like RealtyOne© contributes to better decision-making in real estate by providing real-time data analytics and comprehensive insights into spending patterns. Its supply chain visibility software capabilities allow for detailed spend analysis, supplier performance tracking, and identification of potential risks. This data-driven approach empowers real estate companies to make informed purchasing decisions, negotiate better deals, and optimize their supply chain strategy.

How software automate workflows like purchase orders, approvals, and invoicing?

RealtyOne‘s procurement and supply chain automation software efficiently automates workflows for purchase orders, approvals, and invoicing. It uses predefined rules for automated PO generation, digital routing for multi-level approvals, and intelligent invoice processing automation with 3-way matching. This streamlines the entire procure-to-pay process, reducing cycle times, minimizing human error, and ensuring accurate and timely payments, enhancing overall procurement efficiency.

How does procurement software improve the procurement process in real estate?

RealtyOne‘s procurement software dramatically improves the real estate procurement process through comprehensive procurement automation. It automates requisitions, purchase order generation, and invoice processing, significantly reducing manual effort and errors. This construction supply chain management software centralizes all procurement activities, from vendor management to spend analysis, ensuring faster cycle times and greater control over project expenditures and timelines.

How does the software handle end-to-end supply chain visibility?

RealtyOne‘s Procurement & Supply Chain module delivers comprehensive end-to-end supply chain visibility. It integrates data from sourcing, purchasing, inventory, and logistics, providing a unified real-time view of materials and goods movement. This advanced real estate supply chain visibility software allows for proactive identification of bottlenecks, risk mitigation, and efficient construction supply chain management, ensuring projects stay on track and supplies are optimized.

What role does supply chain automation play in reducing project delays and cost overruns in real estate?

Supply chain automation in RealtyOne‘s Procurement & Supply Chain module plays a crucial role in reducing project delays and cost overruns in real estate. By automating purchase order management, optimizing inventory control, and improving logistics management, it ensures timely material availability and efficient resource flow. This comprehensive real estate supply chain solution minimizes manual bottlenecks, enhances transparency, and enables proactive problem-solving, leading to better project timelines and budget adherence.

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